Answer:
$89,000
Explanation:
Explanation:
Let the salary at the beginning be A
Interest increment is i = 4.15℅
Future value aimed for is F = $215000
Number of years is n=20
The formula for the future value of a present sum is given as
F = A(1+I)^n
215000 = A(1+0.0415)^20
215000 = A(1.0415)^20
Taking log of both sides
Log215000 = LogA + 20Log1.0415
LogA = Log215000 - 20Log1.0415
LogA = 4.95
Taking anti log of 4.95
We have that ;
A = $89,000
Answer: 2). Neither U.S. GDP nor U.S. GNP were affected.
Explanation: Gross Domestic Product (GDP) is the total monetary value of all the final goods and services produced in a country during its financial year.
Gross National Product (GNP) on the otherhand is broad measure of the value of all finished goods and services produced in a country in one year by its nationals.
Both GDP and GNP measure goods and services and not financial assets such as shares. Hence, financial assets do NOT contribute to the GDP or GNP of any nation.
Answer:
The company’s inventory be reported on the balance sheet as $3,150.
Explanation:
GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.
According to given data
Available Inventory = 210 units
Cost of Inventory = 210 units x $20 = $4,200
Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.
So,
Net realizable value is = 2,100 units x $15 = $3,150
As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.
Answer:
February 20, 2039
Explanation:
the bonds pay a semiannual coupon, but the last coupon is paid along with the face value (or maturity) value of the bond. For example, if the bond pays a 6% coupon rate, on February 20, 2039 the investor will receive ($1,000 x 6% x 1/2) + $1,000 = $1,030. The exact date might change if the maturity date is a Saturday or Sunday, but it should be paid on the next business day.
$140,200
90,000 Begining equity
+144,000 Plus revenues
=234,000 New total
-83,000 Minus expenses
-10,800 Minus Dividends to stockholders
= 140,200 Equals Ending equity
